This paper discusses whether de-industrialisation in the UK is an inevitable consequence of changing world markets rather than the result of failed industrial policy.
Written in 2004; 1,545 words; 6 sources; APA; $ 50.95
Paper Summary:
In this article, the writer discusses that analysts provide the rationale that the UK's industrial deterioration was the result of industrial policies while others are of the opinion that the UK's slow growth was the result of globalization. Although, there is no clear cut answer to this debate, nevertheless the writer presents the thesis that de-industrialization in the UK has been (or has not been) the result of the changing world markets rather than the result of failed industrial policy. In the process the writer sheds light on the causes behind the UK de-industrialisation, the industrial policies adopted after or possibly during the world war, and the world conditions. This paper includes a table and graph.
From the Paper:
"The root of the policy problem perhaps lies in its implementation. In Alberto Ades and Rafael Di Tella's (1997) study the authors indicate how industrial policies can contribute to the lowering performance of industries. Firstly, this could be because when the government issue subsidies to boost manufacturing or certain industries, the resultant over investment experience tend to drive the industry towards liberal spending on investments. Corruption in the form of negative effect on investment starts to take place so that the cost-benefit of such a policy fails to boost the economy.
"Secondly, industrial policies are often based on the selection or "picking" of national champions. The preferences levied on these industries tend to promote one industry while decreasing the investments in others. Meanwhile it has also been noted that free markets do not provide enough competitiveness to firms to compete with other industries within and outside the country. For this reason, the picking of national champions policies tend to decrease investment opportunities say in manufacturing and instead boost services industries."
We have thousands of high-quality term papers, research papers, essays, book reports and dissertations on every topic. At AcaDemon, you can download those term papers to help you write yours! You can be sure that the term paper, essay, book report or research paper you download are top-quality, competitively priced and high-level work.
This Free Term Paper Abstract is a part of our Term Paper Library.Here you can purchase research papers, examples of essays, academic dissertations, articles, notes, analytical papers, book reports, stories and poems. We have thousands of persuasive, point-of-view, narrative, critical, compare and contrast and other types of essays in our Library. You can also find here Term papers on "De-Industrialisation in the UK", Essays on "De-Industrialisation in the UK", Research papers on "De-Industrialisation in the UK", Student papers on "De-Industrialisation in the UK", Book reports on "De-Industrialisation in the UK", Dissertation on "De-Industrialisation in the UK", Thesis on "De-Industrialisation in the UK", Summary of paper on "De-Industrialisation in the UK", Articles written on "De-Industrialisation in the UK".
Look for more research papers, essays and book reports on